Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Receives $58.43 Average PT from Analysts

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) has earned a consensus rating of “Hold” from the seventeen analysts that are covering the company, MarketBeat reports. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $58.5714.

Several equities analysts recently weighed in on ASO shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Academy Sports and Outdoors in a research report on Monday, December 29th. UBS Group lowered their target price on Academy Sports and Outdoors from $60.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Morgan Stanley lifted their target price on Academy Sports and Outdoors from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. B. Riley Financial reiterated a “buy” rating on shares of Academy Sports and Outdoors in a research report on Wednesday, April 8th. Finally, Guggenheim lifted their target price on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 4,000 shares of Academy Sports and Outdoors stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $60.00, for a total transaction of $240,000.00. Following the transaction, the director directly owned 7,835 shares in the company, valued at approximately $470,100. The trade was a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.62% of the company’s stock.

Hedge Funds Weigh In On Academy Sports and Outdoors

Several large investors have recently made changes to their positions in ASO. Salomon & Ludwin LLC lifted its position in shares of Academy Sports and Outdoors by 139.8% in the fourth quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock valued at $26,000 after acquiring an additional 281 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Academy Sports and Outdoors by 32.6% in the third quarter. Nisa Investment Advisors LLC now owns 1,025 shares of the company’s stock valued at $51,000 after acquiring an additional 252 shares in the last quarter. Huntington National Bank lifted its position in shares of Academy Sports and Outdoors by 47.3% in the third quarter. Huntington National Bank now owns 1,015 shares of the company’s stock valued at $51,000 after acquiring an additional 326 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at about $51,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Academy Sports and Outdoors by 117.8% in the third quarter. Hantz Financial Services Inc. now owns 1,113 shares of the company’s stock valued at $56,000 after acquiring an additional 602 shares in the last quarter.

Academy Sports and Outdoors Stock Performance

ASO stock opened at $58.07 on Friday. The company has a market cap of $3.74 billion, a P/E ratio of 10.44, a price-to-earnings-growth ratio of 0.90 and a beta of 1.21. Academy Sports and Outdoors has a 1 year low of $35.95 and a 1 year high of $62.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 0.44. The stock’s fifty day moving average price is $57.35 and its 200-day moving average price is $53.65.

Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings results on Tuesday, March 17th. The company reported $1.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.08). The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.76 billion. Academy Sports and Outdoors had a return on equity of 17.88% and a net margin of 6.22%.The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $1.96 earnings per share. On average, equities analysts forecast that Academy Sports and Outdoors will post 5.95 earnings per share for the current year.

Academy Sports and Outdoors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Friday, March 20th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.0%. This is a boost from Academy Sports and Outdoors’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, March 20th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 10.79%.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.